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Terex Corp (TEX.N)

TEX.N on New York Stock Exchange

29.83USD
10:54am EDT
Change (% chg)

$0.26 (+0.88%)
Prev Close
$29.57
Open
$29.55
Day's High
$29.96
Day's Low
$29.55
Volume
41,822
Avg. Vol
333,184
52-wk High
$33.78
52-wk Low
$18.91

Latest Key Developments (Source: Significant Developments)

Terex Corp reports Q4 loss per share $2.96
Tuesday, 21 Feb 2017 04:54pm EST 

Terex Corp : Terex announces fourth quarter and full year 2016 results and provides 2017 guidance . Q4 loss per share $2.96 from continuing operations . Q4 sales $1.0 billion versus i/b/e/s view $918.8 million . Sees FY 2017 earnings per share $0.60 to $0.80 excluding items . Q4 adjusted earnings per share $0.07 from continuing operations excluding items . Sees FY 2017 sales about $3.9 billion . Q4 earnings per share view $-0.05 -- Thomson Reuters I/B/E/S . Terex Corp - income from continuing operations, as adjusted, for Q4 of 2016 was $7.4 million, or $0.07 per share . Terex Corp - "looking ahead to 2017, we expect our primary global markets to remain challenging" . Terex Corp sees 2017 adjusted earnings per share of between $0.60 and $0.80 .Terex Corp qtrly net sales $974.7 million versus $1,167.6 million.  Full Article

Terex authorizes new share repurchase program
Tuesday, 21 Feb 2017 04:30pm EST 

Terex Corp : Terex Corporation authorizes new share repurchase program and increases quarterly dividend . Increases quarterly dividend by 14 percent to $0.08 per share . Terex Corp says board of directors authorized a new share repurchase program of up to $350 million .Terex Corp says new share repurchase program to commence upon completion of company's current $200 million program.  Full Article

PZENA INVESTMENT MANAGEMENT LLC REPORTS A 5.57 PERCENT PASSIVE STAKE IN TEREX CORP
Friday, 3 Feb 2017 05:53pm EST 

Terex Corp :PZENA INVESTMENT MANAGEMENT LLC REPORTS A 5.57 PERCENT PASSIVE STAKE IN TEREX CORP AS OF DECEMBER 31, 2016 - SEC FILING.  Full Article

BRIEF-European Commission approves Columbus McKinnon as buyer of STAHL CraneSystems
Thursday, 22 Dec 2016 06:45am EST 

Konecranes Abp : European Commission has approved Columbus McKinnon as a buyer of STAHL CraneSystems .Konecranes and Terex intend to close the MHPS Acquisition in early 2017.  Full Article

Terex says expects 2017 net sales of about $4 bln
Tuesday, 13 Dec 2016 12:10pm EST 

Terex Corp : Sees 2017 net sales of about $4 billion - SEC filing . Sees 2017 operating margin of about 5 percent . Reduced SG&A costs in 2016 by about $40 million; streamlined operating structure from 5 to 3 segments, implemented headcount reduction programs .FY2017 revenue view $4.13 billion -- Thomson Reuters I/B/E/S.  Full Article

Terex Q3 adjusted EPS $0.19 from continuing operations excluding items
Monday, 31 Oct 2016 05:13pm EDT 

Terex Corp : Q3 adjusted earnings per share $0.19 from continuing operations excluding items . Q3 earnings per share $0.31 from continuing operations . Terex corp - expect our full year earnings to be $0.70 to $0.80 per share, excluding restructuring and other unusual items . Terex Corp - "global capital equipment market remains challenging" . Terex Corp - expect to generate free cash flow of $150 to $200 million for FY . Qtrly net sales $ 1,056.4 million versus $ 1,255.4 million . Q3 earnings per share view $0.22, revenue view $1.06 billion -- Thomson Reuters I/B/E/S . FY 2016 earnings per share view $0.95 -- Thomson Reuters I/B/E/S . Q3 sales $1.06 billion versus $$1.26 billion .Q3 revenue view $1.06 billion -- Thomson Reuters I/B/E/S.  Full Article

Terex, its units entered into amendment to credit agreement dated August 13, 2014 - SEC filing
Wednesday, 5 Oct 2016 01:29pm EDT 

Terex Corp : On September 30, 2016, co and certain of its units entered into Amendment No. 2 to Credit Agreement dated as of August 13, 2014 .Amendment waives requirement that co, units receive at least 75% of consideration in form of cash, cash equivalents for MHPS sale - SEC filing.  Full Article

DEUTZ supplies Terex with Xchange engines
Wednesday, 5 Oct 2016 11:10am EDT 

Deutz AG : DEUTZ supplies Terex with Xchange engines . Deutz Corporation based in Georgia in the United States and Terex, have concluded to expand their relationship to the field of reconditioning .Under this new arrangement, deutz ag's american subsidiary will supply terex with exchange engines for reconditioning its genie aerial working platforms.  Full Article

Terex announces receipt of requisite consents for consent solicitation, credit agreement amendment
Monday, 3 Oct 2016 08:00am EDT 

Terex Corp : Terex corporation announces receipt of requisite consents for consent solicitation and credit agreement amendment .Amended senior secured credit facility providing company with relief from asset sale covenants in its credit facility.  Full Article

Konecranes provides further financial information on Stahl CraneSystems
Wednesday, 24 Aug 2016 02:36am EDT 

Konecranes Abp : Received approval from the European Commission for its pending acquisition of Terex’s MHPS business . The approval is conditional on a commitment by Konecranes to divest its STAHL CraneSystems business . To facilitate the divestment process, Konecranes announces that STAHL CraneSystems’ pro forma EBITDA on a stand-alone basis would have totaled approximately 30 million euros ($33.87 million) in 2015 . Konecranes will use the proceeds from the STAHL CraneSystems divestment to amortize loans related to the MHPS Acquisition .The closing of the MHPS Acquisition is conditional to the European Commission’s approval of the buyer(s) of the STAHL CraneSystems business.  Full Article

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BRIEF-Terex authorizes new share repurchase program

* Terex Corporation authorizes new share repurchase program and increases quarterly dividend